AUD/USD cropped profits after testing of test resistance near 0.6450, as the market's attention is shifted to the upcoming Q1 CPI data. If RBA officials are cautious about inflation progress, the markets have fully assessed the price range at the March 20th meeting, reflecting continued uncertainty about trade policy and inflation dynamics, BBH FX analysts reports.
RBA Kent does not offer political signals
“AUD/USD Ducked after testing several months of highest testing overnight 0.6450. RBA Assistant Christopher Kent Kent Kent had no political knowledge overnight. Kent discussed Australia's external position and admitted:” The sharp rise in FX markets in FX markets in early April. “FX global volatility increased in April to two -year -high US tariff news.
“Q1 CPI is the next domestic data highlight (tomorrow, 2:30 London). Australia title CPI is expected to Q4 2.3% y/y vs 2.4% and policy-related trim average CPI estimated to be 2.8% y/y vs 3.2% Q4. RBA Projects in 2027. Towards the center of the 2-3% target range.
